The Dow Jones Industrial Average has risen steadily, recently climbing 300 points, topping 32,000, climbing for the fourth consecutive day.
In addition, market activity was driven by a decline in US Treasury yields. and expectations of a slowdown in the rate hike by the Federal Reserve (Fed).
At 11:23 pm Thai time, the Dow Jones Industrial Average stood at 32,121.20 points, up 284.46 points, or 0.89%.
Boeing shares were up more than 1% despite the company’s record losses in the third quarter, contrary to analysts’ earnings expectations. while the income is lower than expected
The company suffered a loss of $ 3.3 billion in the third quarter, with losses of more than $ 1 billion on a program to upgrade two Boeing 747s to Air Force One, the presidential aircraft of the United States. United States. The contract was made during the reign of former President Donald Trump.
Boeing also said that The company’s aircraft manufacturing faces problems in the supply chain. and labor shortages
Investors have been keeping an eye on the results of big tech companies this week, including Apple, Amazon and Meta Platforms, as well as the release of the Personal Consumer Spending Price Index (PCE) on Friday. It’s a measure of inflation that the Confederation of the United States Reserve (Fed) concentrates.
Meanwhile, the market is keeping an eye on the US third quarter gross domestic product (GDP) release tomorrow.
The Atlanta Fed revealed that its latest GDPNow forecasting model shows the US economy grew 2.9% in the third quarter.
The Atlanta Fed will report the new GDPNow forecasts today. Before the US Department of Commerce releases third quarter GDP numbers tomorrow.
Previously, the US Department of Commerce said the US economy contracted 1.6% in the first quarter and 0.6% in the second quarter. put the United States in a technical recession.
